stanley fisher is concerned about this. you interviewed him more than once. i'm curious what you think? >> he had run the israeli central bank and had done a good job when it came to high inflation, secular stagnation makes me worry a lot. >> we'll have stephen moore, you know him about coming up on "the willis report." thank you guys. coming up today on the show, breakout the salt shaker. the new report says a low-salt diet may be as dangerous as a high-salt one. >>> subprime mortgage loans, sucked the economy, led to a great recession, why are we seeing subprime auto loans?

stanley fisher is concerned about this. you interviewed him more than once. i'm curious what you think? >> he had run the israeli central bank and had done a good job when it came to high inflation, secular stagnation makes me worry a lot. >> we'll have stephen moore, you know him about coming up on "the willis report." thank you guys. coming up today on the show, breakout the salt shaker. the new report says a low-salt diet may be as dangerous as a high-salt one. >>> subprime mortgage loans, sucked the economy, led to a great recession, why are we seeing subprime auto loans? we are. >>> kids are heading to school and you're headed to the mall, credit card in hand. we'll tell you where to find the best deals. "the willis report" where consumers are our business starts right now. we begin with a shake-up in the food fight over salt. a new study that just came out suggests that healthy people cutting back on sodium may do more harm than good to their bodies and maybe to the bottom lines as well. this delivers a major blow in the long runs debate over how much s

federal reserve vice chair stanley fisher calling for the recoveries in the u.s.bal economies as disappointing. that's raising hopes the fed will not be in a hurry to start raising interest rates. really focused on the global picture, saying it's hard for one country to do really well when the others are lagging behind as well. gold retreating for a second day, so there's no real flight to quality, down $1.40, that after the biggest weekly gain in a month last week. a great, great week. it rose more than 1%. oil, though, moving higher by 30 cents, still below $98 at $97.95, and remember, we do have very low gasoline prices right now, and that certainly should be a positive for at least the u.s. economy. >>> a mega deal in the energy world to talk about it. oil and pipeline giant kinder morgan combining publicly-traded units into one chunk, and as you can see of all of them, there are about -- a nice move with the big names, but as you see they're up 25%. el paso pipeline up 21%, the rest follow with near double-digit percentage gains. the $70 billion consolidation

stanley fisher called the performance disappointing. he questioned whether the growth was cyclical or structural. whichever it turns out to be, the result has been a general down shift in forecasts for long term u.s. growth. >>> over in the oil patch today, a big corporate restructuring announced by the nation's biggest energy pipeline company. kinder morgan is consolidating its huge pipeline business into a single company. a $44 billion transaction, and investors like what they heard. shares gushed higher by 9%. morgan brennan has more on what's behind this massive change. >> announcing plans to combine its four businesses to become the largest energy infrastructure company in america. valued at $71 billion. it will be the second biggest energy deal in u.s. history, behind exxon's $74.5 billion purchase of mobil in 1999. the consolidation will put the energy partners and management and el paso pipeline under the kinder morgan ink umbrella, bringing together 80,000 miles of oil and gas pipeline. to do this, the company is abandoning the

in remarks, stanley fisher said the global economies are struggling right now. they are not as strong as one would hope in an economic recovery. and that sends the message that okay, super low interest rates are here to stay longer and easy money is a "drug that the stock market likes so much. we have up arrows and we are seeing them put away from gold and put them back in stocks and small stocks and all the riskier if you will. i am not complaining and jenna, check your 401 k. >> not that for monday. we'll take that. >> good to see you want. >> a michigan teen said she was abducted and now investigators say her claim was a sad hoax. >> hi, again, leland. 40 law enforcement officers searched for the teen. but she was spotted standing on a corner. claiming to be abducted and held hostage. haley was on the cell phone renting a movie and said she saw a man lie nothing a ditch and was going to check on him and then he had a gun and the phone disconnected. 17 hours after that she was believed to be missing. her dad found her car running and empty and her mother made

. >> listen, when i looked at your comments regarding stanley fisher on the same page as janet yellenlow labor force participation rate's going to reverse and those issues are cyclical, i have a hard time agreeing with him, and i also wonder how long is the time line before they admit it's structural? your thoughts? >> multiple years into the expansion and labor force expansion rate at the lowest level since 1978. for them to continue to think all the sudden people come back with no change in fiscal policy, no change in social spending policy, it's very unlikely. as we saw in today's job openings, the demand for labor continues to improve. it just supply is not meeting the demand so you get a continued drop in the unemployment rate, and labor market tighter than the fed thinks so yellen and fisher, i think, are falling way behind the eight ball in terms of the reality of the data and reality of the behavior of the people that are on the sidelines. >> you know, it's surprising me that stanley fisher is on the page. do you think it's because yellen is the head of the fed and wants to sh

federal reserve vice chairman stanley fisher speaking in sweden today, saying, quote, the global recovery has been disappointing. he also called the u.s. economic recovery, quote, disappointing. is he right? jared bernstein is senior fellow at the center for budget and policy priorities. bob mcdeer is a former president of the dallas fed. jared, let me begin with you. how do you react to what mr. fisher said? >> i agree, and he's standing behind a number of analytical institutions, all of whom have marked ultimate down the potential growth rate for gdp. looked at the three factor that is go into that. product growth labor supply and investment. and that's going to slow down overall growth, but what i think is so important is that they features are not etched in stone. they can be altered by better policy, and i would argue that not only should they be, but they must be if we want to grow faster and see more prosperity. >> mr. mcdeer, how do you react to what mr. fisher said? what does it mean in the broader sense if growth is slower than we anticipated. the third question is, how much res

as stanley fisher the fed's vice chairman and my favorite central banker said today when he talked aboutisappointing growth in the world's economies. there's real he only one choice when faced with terrible growth conditions and that's to take advantage of what's out there and make some acquisitions. now, i typically don't like to recommend stocks on the takeover basis unless they have good fundamentals. i have told you that time and again. i won't violate the pledge now. but when fisher talks about slow growth i think it's safe to say that we aren't going to get that quick rise in interest rates which so many of the big boys have told us must occur. definitely occurs they made it clear as recently as cnbc's delivering alpha conference last month. that means excellent brand names even as they spew off a lot of cash will have huge targets on their back. i have seen this happen. i know there are a ton of them just waiting to get bought. and in the meantime, their dividends are paying you better than treasuries and they have reported so the badness is baked in. i'm going to give you a coupl

stanley fisher is concerned about this. you interviewed him more than once.t you think? >> he had run the israeli central bank and had done a good job when it came to high inflation, secular stagnation makes me worry a lot. >> we'll have stephen moore, you know him about coming up on "the willis report." thank you guys. coming up today on the show, breakout the salt shaker. the new report says a low-salt diet may be as dangerous as a high-salt one. >>> subprime mortgage loans, sucked the economy, led to a great recession, why are we

i think the stanley fisher as governor of the bank of israel, now vice chairman of the fed, getting massivelyigh marks for stabilizing the israeli economy. you're there. when you're there and you're on the street, how normal is jerusalem, how normal is tel viv? >> well, i think things are pretty calm. i will say the old city, when i visited it properly, was very, very empty, according to those i was speaking to. a lot of the merchants were saying they were getting very, very few customers, and this was having a very detrimental impact. in tel aviv, on the other hand, things seem to be incredibly normal. the restaurants and bars were buzz and people don't seem to be that affected. >> what are you hearing in terms of u.s. involvement or any kind of involvement from neighboring countries? >> well, one of the striking strat stinks was that july tourism numbers were down, so without that, they're really struggling. in terms of the government coming to help them, there have been discussions between these people representing the industry and the government. it was up to $40 million being discussed i

>> i think i'm going to pay a great deal of attention to vice chair stanley fisher from now on.new adult at the table, he may give you a better look at whether they are shifting. i mean, he's not officially tied down to any one group. >> well, i would assume in the beginning here, just joined the fed, he'll side with yellen at the core of the fed as number two, but what's interesting he could be more clear in the messaging. transparency, communication is so critical with this federal reserve, and as investors try to figure out how to get out of this. >> even more important when tapering is done because it's the transparency and idea of direction that's important. i don't think he'll confront her, but i think he may see himself in the position to be -- >> somewhat closer? >> the queen's first interpreter, if you will. >> can the market continue to rally with low volatility? is the fed underpinning the moves we have? >> so far, so good. no sign they are considering changes in tapering. we're on the mark. we get to see the other shoe fall, mr. draghi is coming up, and europe is an

>> stanley fisher writes we are stuck in something we can't right our way out. >> i don't know if it'sn outlier. it's a mystery to me. >> probably never different this time. we are hearing it's maybe different this time. people looking for a correction. what about if it was a start of a bear market, should you be looking for a correction or a market apocalypse? david tice says things are only going to get worse. have you the fed to thank. jim paulsen is with us with wells capital management. david, we haven't heard from you in a while. you always eloquently represent the bear side. >> thank you. >> you certainly came through in 2009, obviously, if you were listening to you that that is what finally happened and things can go up for a long time. it doesn't mean that there, they really should be there. you think that's what's happening again right now? there is another day of reckoning like 2009 on the horizon? >> unfortunately, joe, it remind me eerily of what happened in 1999, 2000, i was warning people in '98 '99, two early of what was to come. certainly we saw that big decline 2000,

fisher? >> i think stanley fischer is right and the fed will keep rates lower for longer.ll start raising rates at the beginning of next year. some of the hawkish presidents want to pull that forward. tohink it's probably going happen later, because it's going to take that long for the fed to a comp was what they want to accomplish before they are raising rates. -- to accomplish what they want to accomplish before they are raising rates. but it's important to keep it open debate in terms of what policy should be, and also keeping the markets on their toes. there has been some complacency in the market with what monetary policy is and what it's going to be. argument thatthe if the fed wait too long there will be a setback and then they have to play catch-up? favorite recall the forecast in 2009, it was that we were going to be in recovery. the fact of the matter is, the collective damage both to the rancho markets and to the economy -- the financial markets and to the economy because of the recession takes a long time to heal. we are healing and the rate of healing has been

fisher. he links and markets with finance. us, you get lucky sometimes. a nobelspence is laureate. we will speak about his summer essay. market selloffs, you talk this -- at stanford and migrated to nyu. stanley fischer has been known to throw chalk. >> i never did it. how weael spence on control our emotions when things go down. >> this is -- there are two things going on worth attention. the markets have not figured out how dangerous the global economy has become. secondly, we have these better than expected gdp reports. monetaryslated in policy. >> two crosscurrents. josh rosslyn, you are shaking your head yes. isyou agree that this possibly global contagion? as a global contagion, no. i agree we have a larger issue. the rate of recovery globally has not been what it has been expected to be. if you look and dig into participation rates, we have real reasons for concerns. there is too much irrational exuberance. >> what did you mean a moment ago when you said global markets are dangerous? the global economy, the tradable side of it relies on flows of people, information, capital and goods. four are under threat. we are shooting down airplanes. whereis a problem about to fly. cyber security